Bank of the Philippine Islands and Ayala Land Inc. launch the Philippines’ first interoperable direct debit facility, allowing property buyers and tenants to automate payments across different banks. Signing the agreement are BPI head of strategy, products and support, institutional banking Joel De Vera (second from left) and Ayala Land head of institutional banking Louie Cruz (third from left), with ALI chief finance officer and treasurer Jose Eduardo Quimpo II and Ayala Land residential business group CFO Sheila Marie San Buenaventura.
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